We performed a systematic trace and rare earth element analysis for the bedded Fe-Mn carbonate rocks related to the stratiform Ag-Pb-Zn mineralization in the Lengshuikeng ore district, Jiangxi Province, South China. Three types of Fe-Mn carbonates are distinguished, namely, the massive, breccia, and vein types. Both carbonate and silicate fractions in the samples are analyzed for their trace and rare earth element concentrations using a step acid-leaching technique. Our results show that the carbonate fractions in the massive type samples have the lowest REE concentrations but pronounced positive Eu and Y anomalies with Eu/Eu* value from 1.3 to 6.2 and Y/Ho value from 40.1 to 59.5, and similar characteristics are also shown for the silicate fractions in the massive type samples(Eu/Eu*=1.0–6.7, Y/Ho=20.7–55.1). These REE characteristics are similar to those of Sedex type massive sulfide deposits worldwide, and we suggest that the massive type Fe-Mn carbonate rocks were likely formed from an exhalative volcanic-hydrothermal fluid feeding the depression basin of a volcanic lake. The high concentrations of redox-sensitive elements and ratios such as U/Th, V/Cr and V/(V+Ni) indicate a dysoxic environment for the Fe-Mn carbonate deposition. In contrast, the breccia type and vein type Fe-Mn carbonate samples show different trace and rare earth element features from those of massive type samples, and they are more similar to the volcanic rocks and magmatic-hydrothermal fluids in the Lengshuikeng ore district and may reflect strong overprinting from volcanic and sub-volcanic magmatism related to the porphyry type mineralization in the district. We performed a systematic trace and rare earth element analysis for the bedded Fe-Mn carbonate rocks related to the stratiform Ag-Pb-Zn mineralization in the Lengshuikeng ore district, Jiangxi Province, South China. Three types of Fe-Mn carbonates are distinguished, Both of these carbonate and silicate fractions in the samples are analyzed for their trace and rare earth element concentrations using a step acid-leaching technique. Our results show that the carbonate fractions in the massive type samples have the lowest REE concentrations but pronounced positive Eu and Y anomalies with Eu / Eu * value from 1.3 to 6.2 and Y / Ho values ​​from 40.1 to 59.5, and similar characteristics are also shown for the silicate fractions in the massive type samples (Eu / Eu * = 1.0-6.7, Y / Ho = 20.7-55.1). These REE characteristics are similar to those of Sedex type massive sulfide deposits worldwide, and we suggest that the massive type Fe-Mn carbonate rocks are likely to form from an exhalative volcanic-hydrothermal fluid feeding the depression basin of a volcanic lake. The high concentrations of redox-sensitive elements and ratios such as U / Th, V / Cr and V / (V + Ni) a a dysoxic environment for the Fe In contrast, the breccia type and vein type Fe-Mn carbonate samples show different trace and rare earth element features from those of massive type samples, and they are more similar to the volcanic rocks and magmatic-hydrothermal fluids in the Lengshuikeng ore district and may reflect strong overprinting from volcanic and sub-volcanic magmatism related to the porphyry type mineralization in the district.